AeroVironment Inc (AVAV)

Return on assets (ROA)

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Jan 27, 2024 Oct 31, 2023 Oct 28, 2023 Jul 31, 2023 Jul 29, 2023 Apr 30, 2023 Jan 31, 2023 Jan 28, 2023 Oct 31, 2022 Oct 29, 2022 Jul 31, 2022 Jul 30, 2022 Apr 30, 2022 Jan 31, 2022
Net income (ttm) US$ in thousands 43,619 33,001 48,640 54,982 51,656 63,450 71,460 79,470 -98,580 -117,096 -139,667 -168,230 -14,649 -22,368 -30,081 -20,627 -13,988 -5,628 5,286 5,056
Total assets US$ in thousands 1,120,570 1,048,140 1,019,080 999,169 1,060,840 980,299 980,299 1,006,700 1,006,700 826,060 826,060 824,577 921,202 921,202 891,682 891,682 896,654 896,654 914,200 905,263
ROA 3.89% 3.15% 4.77% 5.50% 4.87% 6.47% 7.29% 7.89% -9.79% -14.18% -16.91% -20.40% -1.59% -2.43% -3.37% -2.31% -1.56% -0.63% 0.58% 0.56%

April 30, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $43,619K ÷ $1,120,570K
= 3.89%

The analysis of AeroVironment Inc.'s return on assets (ROA) over the observed period reveals a trajectory characterized by significant fluctuations, culminating in a notable recovery.

Initially, from January 31, 2022, through April 30, 2022, the ROA remained modestly positive, at approximately 0.56% and 0.58%, respectively, indicating modest profitability relative to total assets. However, beginning with the fiscal quarter ending July 30, 2022, the ROA deteriorated sharply into negative territory, reaching -0.63%, and further declining to -1.56% by July 31, 2022. This trend persisted, with an even more pronounced decrease to -2.31% by October 29, 2022, and subsequently to -3.37% as of October 31, 2022. The continued decline suggests worsening operational or profitability metrics relative to assets during this period.

The subsequent quarters saw some fluctuations. The ROA improved slightly to -2.43% by January 28, 2023, before returning closer to zero at -1.59% by January 31, 2023. However, the trend again reversed dramatically, with a severe decline to -20.40% by April 30, 2023, indicating substantial deterioration in asset efficiency or profitability. This was followed by a continued decline, with the ROA reaching -16.91% and -14.18% in July 2023, and further to -9.79% in October 2023, suggesting ongoing challenges.

Remarkably, starting with the quarter ending October 31, 2023, the ROA turned positive again, at 7.89%, reflecting a significant turnaround in asset profitability. This positive reversal persisted into subsequent periods, with values of 7.29% in January 2024 and 6.47% in April 2024, before stabilizing within a moderate positive range at 4.87% in April 2024, and roughly 5.50% in July 2024. As of October 31, 2024, the ROA was slightly lower at 4.77%, and it continued to remain positive in early 2025, with entries of 3.15% on January 31, 2025, and 3.89% projected for April 30, 2025.

In summary, AeroVironment Inc.'s ROA has exhibited a volatile pattern, marked by periods of decline culminating in substantial losses, followed by a notable and sustained recovery to positive levels in late 2023 and into 2024. This pattern indicates periods of operational or strategic challenges, likely followed by effective corrective actions or market conditions leading to improved asset efficiency and profitability.


Peer comparison

Apr 30, 2025

Company name
Symbol
ROA
AeroVironment Inc
AVAV
3.89%
The Boeing Company
BA
-7.56%